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Stocks and Oil Regain Poise as Fears Over Hawkish Fed Subside European stock indices have enjoyed a short-covering bounce that began late in the day on Thursday when Wall Street shares managed to erase most of their earlier declines. At midday in London, the UK’s FTSE 100 was up 1...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 15:18
FX Treads Water on Friday Market Drivers May 20, 2016 EU Current Account 27.3B vs. 19.6B RBA Edwards - chatter over lower inflation premature Nikkei 0.54% Dax 1.18...
Market News
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Roberto Jacobs, 20 May 2016, 15:10
FTSE Looks to Break Losing Streak After four successive weekly declines, the FTSE 100 is attempting to end its dismal run and post a higher weekly close...
Market News
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Roberto Jacobs, 20 May 2016, 15:07
USD/CAD Challenges 1.3100 Post-Data USD/CAD has bounced off sub-1.3100 levels following mixed results from the Canadian docket. USD/CAD gains capped near 1.3130 The pair manages to keep the trade above the 1...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 15:01
The order to buy #GPBUSD is relevant, despite the observed pullback to the area of the red Alligator's line. Possible closing below it will consider as a signal to close the position. Find out more by checking out the Source Link...
#USDJPY resumed growth, and the profit from the order to buy has exceeded the figure. Additional signals have not been received yet, however, the price soon may pass the level of the nearest fractal. Find out more by checking out the Source Link...
UK Strategy: Pricing Out Referendum Risk? – Deutsche Bank Jack Di-Lizia, Strategist at Deutsche Bank, suggests that the upcoming EU referendum continues to represent a significant driver of risk dynamics...
Currency
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Roberto Jacobs, 20 May 2016, 14:57
EUR/USD Remains Capped by 1.1230 Zone EUR/USD consolidates near daily highs in quiet trading Friday, with the dollar mixed across the board ahead of the G7 meeting. EUR/USD found support at the 1.1180 area on Thursday but every bounce attempt has remained capped by the 1...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 14:50
CAD: No Fireworks in the Forthcoming BoC Meet – RBC CM Research Team at RBC Capital Markets, suggests that the BoC meeting (no press conference or MPR) comes on Wednesday with an unchanged 0.50% overnight rate universally expected...
Currency
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Roberto Jacobs, 20 May 2016, 14:46
AUD/USD Turns Negative, Eyeing 0.7200 Mark to Extend Support The AUD/USD pair failed to extend its tepid recovery back towards 200-day SMA and the bears took back the control, dragging the pair back into negative territory...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 14:42
FxWirePro: CAD/JPY Faces Strong Resistance at 84.35, Good to Sell on Rallies Major resistance – 84.35 (21 day 4H MA) Major intraday support – 83.60 CAD/JPY has retreated after making a high of 84.32 today. It is currently trading around 84.12. The pair’s major support is around 83.30 (61...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 14:37 #CADJPY
GBP/JPY Trade Idea Harmonic Pattern Formed- Bearish Bat pattern Potential Reversal Zone (PPRZ) – 162.80 GBP/JPY has completed Bearish Bat Pattern at 161.80 and slightly declined from that level. It is currently trading around 160.60. Short term trend is lightly weak as long as resistance 162...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 14:34
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 20th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has reached the target at 1.1200 and right now is consolidating; it has defined the channel’s borders and returned to the center...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 14:13 #USDRUB, usdchf, gold
AUDUSD. With the pair halting its weakness to close on a rejection candle on Thursday, a move higher could be developing. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0...
Analytics & Forecasts
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FXTechstrategy.com, 20 May 2016, 14:04 #forex
G7, Brexit and Fed Rates - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that usually the FX market is left disappointed by G7 communiques and the FX market tends to be only one part of the agenda that faces finances ministers and central bankers of some of the world’s leading econo...
Currency
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Roberto Jacobs, 20 May 2016, 14:03
FxWirePro: EUR/JPY on Track to Test 124 Levels, Major Resistance at 124.60 EUR/JPY recovers previous day's losses to hit fresh daily highs at 123.86. Techs on daily charts support upside, pair has broken above 5&10-DMAs at 123.47/54 respectively. Test of 124 levels likely...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 13:58
NZD/USD Likely to Move Towards 0.70 in Short Term and Towards 0.64 by 2016-End In mid-April of this year, the NZD/USD pair rose to 0.7054, an 11-month high, as the likelihood of a near term interest rate rise by the US Fed continued to diminish...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 13:55 #nzdusd
NZD/USD to Target 0.6500 in Q3 - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD retains negative momentum, targeting sub-0.6700 during the week ahead. Key Quotes “That is mainly a story of markets repricing the Fed, particularly following the hawkish FOMC minutes...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 13:50 #nzdusd
USD/JPY Inches Higher to a Fresh 3-Week High of 110.40 The greenback continues to gain traction against the Japanese counterpart, boosting the USD/JPY pair to a fresh three-week high level of 110.40...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 13:45
EUR/CHF Could March to 1.15 in 12-Month – Danske Bank EUR/CHF could climb to the 1.1500 region within a year’s view, according to Morten Helt, Senior Analyst at Danske Bank...
Analytics & Forecasts
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Roberto Jacobs, 20 May 2016, 13:42 #eurchf